@mr_archenemy @GabrielDuquette @St_Rev @sarahdoingthing Are you aware that between 45% and 56.1% of US medical expenses are paid by govt?
@ProfessorZaius @mr_archenemy One reason, not the only one, is that other countries free-ride on US pharma R&D.
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@St_Rev@ProfessorZaius (i just said that) -
@mr_archenemy@ProfessorZaius Hadn't seen it when I made comment. -
@St_Rev@mr_archenemy Got evidence on the free-riding claim? -
@ProfessorZaius@mr_archenemy Pretty well-established IIRC. I think I read about it on In the Pipeline, McArdle has prob. written abt it too -
@St_Rev@mr_archenemy The US is close to UK and Germany in medical innovation per capita. http://download.pwc.com/ie/pubs/2011_medical_technology_innovation_scorecard_the_race_for_global_leadership_jan.pdf … http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1261198/?tool=pubmed … -
@ProfessorZaius@mr_archenemy The free-riding comes from the regulatory price differentials--pharma can price in US to recapture R&D costs. -
@St_Rev@mr_archenemy And British companies price higher in US too to recapture R&D. This seems like a subsidy from Americans to others. -
@ProfessorZaius@mr_archenemy Yes, this is exactly the point. US patients subsidize the rest of the world's pharma research. - 5 more replies
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.